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BTC To $10k: Major Market Expert Says Crypto Winter Is Over

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Right now, the altcoin news show that along with Bitcoin, most of the cryptocurrency market is stabilizing. There is no doubt that a new decrease could be on its way. However, the bigger picture shows that a new uplift is definitely possible – and that BTC to $10k is definitely a reality.

In times when analysts are not sure where is Bitcoin headed to (after having predicted $2,000 lows), everything seems like an icy ground to step on. However, many experts are sure that the crypto winter is over and the current price predictions indicate that BTC to $10k may be a something that we will see this year.

In the latest cryptocurrency news, we have the CEO of the stocks and investment website ADVFN, Clem Chambers, who claims that the crypto winter is over and that Bitcoin could hit $6,000 soon before going even higher. For Chambers, BTC to $10k is definitely a possibility, mainly because of the greater interest coming from China due to a possible Yuan dollar depreciation. As he said:

“Money flowing into stablecoins is going to lift bitcoin because fundamentally money flowing into crypto is what sustains and raises prices.”

Chambers also explained that crypto assets need an inflow of new money to maintain the increasing supply as new blocks are mined. When it comes to his BTC to $10k prediction, he asserted that supply and demand is what creates the price and said that for “new supply to be matched at current levels, more than $3.3 billion dollars has to flow into bitcoin to make it go up.”

Many best cryptocurrency news sites recently went with headlines stating that “Bitcoin is the new gold” and comparing BTC to the gold market which is with an estimated $5 billion in market capitalization. Even though the crypto market is far from that valuation, BTC is definitely eating into the interest of gold.

As Chambers noted, if Bitcoin takes a fraction of the gold market, BTC to $10k could be real and could surpass all previous all time highs.

“Bitcoin winter is over, the price is going up, the only question is how high. For now $6,000 is an easy target and $10,000 a coin this year is not such a hard target. I’m still accumulating,” the market maven concluded.

 

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Altcoin News

Binance Removes US Resident Ban: Launching In “A Month Or Two”

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Binance Removes
The Binance CEO is all over the latest cryptocurrency news recently for cofirming that the American branch of the exchange will open within "a month or two." Now that Binance removes US resident ban, they are ready to announce new big things on the platform. In an interview with the outlet Cheddar on Thursday, the CEO of Binance Changpeng Zhao spoke about the planned US regulated exchange and noted that “there are a lot of things in flux, but I would say [we'll launch] in a month or two.” However, as many best cryptocurrency news sites reported in June, Binance has already communicated to their customers that US residents will be prohibited from using the platform starting September 12. This announcement sparked a lot of concerns as it would leave US traders unable to use the services by Binance. Now, however, Binance removes US resident ban and the Terms of Use (which were last revised on August 15) suggested that the exchange has softened its stance on the issue - all while removing any mention of prohibition of use for US residents. The document reads:
3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”
When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
Meanwhile, today's Bitcoin and altcoin news show that the situation on the market is the same as yesterday with only minor gains recored by Bitcoin. The altcoins have posted gains of 1% to 6%, accordingly, dropping the Bitcoin dominance to 68.7%.
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Bitcoin News

Bitcoin Dropping Under $8,000 Is Highly Unlikely: Analysts

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Bitcoin Dropping
The coming altcoin news today show that a lot of cryptocurrencies from the top 10 are recording new gains while Bitcoin is still at $10,380 without much changes overnight. However, analysts believe that Bitcoin dropping under $8,000 is not something that we will see soon - and that even though the cryptocurrency has shed a shocking 12%, good times are coming. Peter Schiff was one of them featured on many best cryptocurrency news sites. As the popular gold bug and anti-crypto commentator said, the bull run is already over and a move back to the bear market levels is imminent. Still, a new tweet from Josh Rager suggests that Bitcoin dropping under these levels is highly unlikely. On his Twitter profile, Rager suggested that BTC and its recent tumult is a clear sign of “one large re-accumulation happening after large players took profits near $14,000”. https://twitter.com/Josh_Rager/status/1162730116327362560 He also added that the price of Bitcoin has potential to drop in the coming weeks - but it is "highly unlikely" that it falls below the high $8,000s" citing the fact that there is a 20-week moving average which suggests that Bitcoin dropping under these levels is not a possibility. As seen in the chart above, Bitcoin already bounced off the 20-week moving average in the previous bull run. At this point, there are technicals supporting a bounce but fundamentals too. As reported by many Bitcoin and altcoin news sites, the New York Stock Exchange-backed crypto venture Bakkt has gotten a green light from CFTC through the self-certification process and user acceptance testing has begun.” All of this could spark medium term trend reversal and suggest that Bitcoin dropping under $8,000 is not something to expect. In fact, the CEO of Bakkt Kelly Loeffler wrote that her company has bagged approval from the NYSE to launch Bakkt Trust Company which will store BTC and other digital assets involved in the firm and its financial vehicles. When speaking about Bakkt’s impending and how it will be “arguably the most bullish event for institutional investors in the history of Bitcoin”, Melker wrote that these futures will demand holders to “produce actual Bitcoin or take delivery from the exchange.”
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Bitcoin News

The Bitcoin Family: A Story Of 5 People Spending BTC For 2.5 Years

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Not every family can benefit from cryptocurrency in many ways. However, for the Bitcoin Family of five, things look different - and they are on the road again - spending BTC and enjoying life. A story with one news outlet went viral on many best cryptocurrency news sites later on, showing that the Bitcoin family sold everything that they owned in 2017 in order to buy Bitcoin. As the father in the family Didi said, he realized that "life could go very fast" and that he "had been running the hamster wheel to just accumulate wealth." The Bitcoin family has been featured almost everywhere. In our latest cryptocurrency news, they are described as a family that got a burnout and started to travel together around the world - mining Bitcoins ever since 2013 and investing in cryptocurrency as their main job. After they saw that crypto has a big potential and that prices are going up and there is "more chatter on forums" about things like Bitcoin news and altcoin news - they came up with a plan and started traveling. As the family says, they wanted to show their kids that happiness is not dependent on wealth. As the Bitcoin family said, they needed "to change life because we had been spoiling our kids and educating them the wrong way." The role of the family, as the interview pictured, is a group of five traveling around the world and trying to educate themselves and prepare as much as possible about the "evolution of technology that will revolutionize the worldwide monetary system," they said. The Bitcoin family even started a new trip recently, which as they said aims to "educate those people that really need to be educated in the true fundamentals of Blockchain and Bitcoin." They also want to help the poor and unbanked as well as charities to "understand how they can be included into the monetary system without the need of a bank account." Didi said: “My goal was not to become a millionaire but to change my life." When asked about his current activities, the head of the Bitcoin family said that they "now try to live day by day and really enjoy the moment and time we spend as a family." They keep most of their Bitcoins on hardware wallets (70% of them) somewhere in Netherlands, as they said. This story and interview were taken from Cryptonews.com.
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Bitcoin News

Mysterious BTC User Claims He Is Hodling $10 Billion In Bitcoin

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One mysterious BTC user is all over the best cryptocurrency news sites recently for claiming that he is "the real Satoshi Nakamoto" and that he has around $10 billion in Bitcoin. He also vowed to reveal himself as the true inventor of Bitcoin over the next few days. The "real" Nakamoto also claims that he is currently in possession of 980,000 BTC which are today worth around $10 billion. A blockchain company called Satoshi Nakamoto Renaissance Holdings promised that the "real" Satoshi would finally break his silence after years of anonymity - and he promised to unveil his deepest secrets in three instalments, starting from August 18 at 4:00 PM Eastern time. The spokesman for the "real Nakamoto" named Ivy McLemore, said that the mysterious BTC user is involved with the creation of the most dominant cryptocurrency and that "the three parts will speak for themselves. And the truth will be known." When asked by CCN if the grand reveal is a public relations stunt to market the blockchain company, Lemore told the outlet  "Absolutely not" - a statement that has been viral in the latest cryptocurrency news. The "real" Satoshi Nakamoto as he describes himself, promised to unravel the mystery of his true identity on his website, such as his real name, why he has not moved any of his 980,000 BTC, his country of origin, his educational background, his professional background and his plans for a Bitcoin renaissance (rebirth). The mysterious BTC user says that he will also explain the critical role of cyphers and encryption that played a big role in his creation of Bitcoin. Nakamoto says that Part II of his big reveal will be scheduled for August 18 at 4:00 PM EDT, while the third and final installment will take place on August 20 at 4:00 PM Eastern time. In the grand finale, the mysterious BTC user said that he will unveil a project called Tabula Rosa which he describes as "his clean-slate vision for Bitcoin’s transformational rebirth." Meanwhile, the recent Bitcoin and altcoin news show that BTC, ETH, BCH, LTC and BNB are all declining and the market has lost a couple of millions on the day.
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